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Programme Structure

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Programme Structure (MBA)

  • Core Courses
  • Elective Courses
  • Project Paper

  • Component of Courses Credit Hours
    1 9 Core Courses 27
    2 3 Electives (to choose 3 from 14 electives) 9
    3 Project Paper 6
    Total Credit Hours to Complete 42

Topics / Activities:

  • Project Paper Research Proposal
    • prepare the Research proposal for Project Paper Committee's approval
  • Literature review
    • Analysis of published body of knowledge through summary, classification, and comparison of prior research studies, review of literature and theoretical articles
  • Methodology
  • Data Collection
  • Result analysis
  • Project Paper Writing

PROGRAM DETAILS

Programme Code: MGT5223
Medium of instructions: English
Programme Tutor: Assoc Prof Dr Ziyaad Mahomed

The course exposes students to the halal value chain and provides a managerial background from both the theoretical and practical paradigms in international practice. Successful circular halal economies will be analysed. The criteria for what qualifies as halal in different regions will also be contrasted together with future models for successful halal expansion and promotion.

Learning Outcomes

By the end of this course students should be able to :

  • Identify the important factors required in management of halal products and services.
  • Determine the critical control point in the operational, quality, logistic management and production of halal products.
  • Differentiate the various halal services available and the application of Islamic principles.
  • Identify, analyse and evaluate issues involved in halal regulations and certification.

PROGRAM DETAILS

Programme Code: MGT5013
Medium of instructions: English
Programme Tutor:

This course focuses on the foundations of organisational behaviour and management, with the emphasis on understanding the people management issues students are likely to encounter in a business context in the pursuit of individual, team and organisational goals. The course exposes students to the core functions a manager generally takes part in including leading, motivating, planning, decision-making, organising, negotiating, mentoring, monitoring and influencing. The topics covered in this course are designed to contribute to developing a student skills in becoming a better manager of oneself, teams and organizations. These skills are further demonstrated in other courses offered in the program through team and individual projects and assignments and specifically in the Action-Based Learning course.

PROGRAM DETAILS

Programme Code: FIN5023
Medium of instructions: English
Programme Tutor: Prof Dr Zulkarnain Muhammad Sori | Assoc. Prof Dr Mohamed Eskandar Shah

The course is designed to improve your accounting and financial knowledge to make better business decision and to enhance business perfomance in a competitive environment. The course covers topics that will enable you to analyse company financials and make recommendations to matters related to cost-management, capital expenditure and valuation.

In additiion, you will be equipped with latest financial tool-kit such as value based mgt and corporate valuation.

Learning Outcomes

By the end of this course students should be able to :

  • Hands-on experience in financial statement analysis to draw comprehensive understanding of firm performance and identify a basis for reasonable valuation estimates.
  • Equip students with the knowledge about financial and non-financial information and a wide range of analytical tools used by top managers of a firm to make critical business decisions.
  • Explain valuation concepts and techniques to provide students with understanding of how to make value-creating investment decisions.
  • Fundamental issues in accounting and finance including value-based management and merger and acquisitions.

PROGRAM DETAILS

Programme Code: SHA5223
Medium of instructions: English
Programme Tutor: Assoc. Prof Dr Aishath Muneeza

Audit and compliance functions are essential for proper corporate governance irrespective of the type of corporation. This course examines the key principles related to audit and compliance of Islamic Financial Institutions (IFIs) including shariah governance and internal control frameworks, laws, regulations, guidelines & standards for Islamic Financial Institutions (IFIs), shariah governance and internal control frameworks, laws, regulations, guidelines & standards for IFIs, commercial law and governance, legal documentation for Islamic finance products, governance structure of IFIs in relation to Shariah, Shariah audit, shariah audit report & managing shariah non-compliance events, process and procedure of Shariah review and contemporary issues related to compliance and audit of IFIs.

Learning Outcomes

By the end of this course students should be able to :

  • Comprehend the shariah governance and internal control frameworks, laws, regulations, guidelines & standards for Islamic Financial Institutions (IFIs), shariah governance and internal control frameworks, laws, regulations, guidelines & standards for IFIs;
  • Learn the significance of commercial law and governance to audit and compliance of IFIs;
  • Handle legal documentation for Islamic finance products;
  • Understand the governance structure of IFIs in relation to Shariah, Shariah audit, shariah audit report & managing shariah non-compliance events, process and procedure of Shariah review; and
  • Analyse the contemporary issues related to compliance and audit of IFIs.

PROGRAM DETAILS

Programme Code: QME5013
Medium of instructions: English
Programme Tutor: Assoc Prof Dr Baharom Abdul Hamid

The purpose of this course is to improve students' analytical skills. The course will provide students with the knowledge and skills to apply advanced quantitative and qualitative modelling techniques to analyse and develop solutions to contemporaneous business challenges. At the beginning of the course, students will learn the foundation of analytical tools.

The students will apply them to analyse real-world issues. The course will conclude with the challenges and opportunities of the big data.This course is designed as a preparatory course for candidates to undertake their Project Paper.

Learning Outcomes

By the end of this course students should be able to :

  • Equip students with basic steps in research, as well as basic quantitative and qualitative analyses.
  • Equip students with basic steps in research, as well as basic quantitative and qualitative analyses.
  • Apply the principles of data management and data analytics techniques to solve business problems.
  • Write sholarly articles or conduct empirical research either independently or in group.

PROGRAM DETAILS

Programme Code: ECN5113
Medium of instructions: English
Programme Tutor: Prof. Dr Syed Abdul Hamid Aljunid

Students are expected to appreciate the environment of the economic and business life space in which the provisioning process makes sense to members of society. The decisions and behaviour of individuals and firms as economic agents and their rationales are provided within the framework of economic thinking and sensibilities.

Students will be exposed to values and worldview that underlie the norms and expected behaviour of business entities in the pursuit of their purpose and goals defined differently under different environment and worldviews.

Learning Outcomes

By the end of this course students should be able to :

  • Explain framework for business decisions and operation.
  • Understand the application of economics principles to business decisions.
  • Evaluate impact of economic policy environment on business strategy and practice
  • Understand relationship between values, responsibilities and business decisions.

PROGRAM DETAILS

Programme Code: MGT5023
Medium of instructions: English
Programme Tutor: Prof. Dr. Syed Abd Hamid Aljunid

This course introduces the relationship between effective governance framework with ethics and professionalism in enhancing competencies of directors and managers in ensuring effectiveness of corporate strategies and operation.

Learning Outcomes

By the end of this course students should be able to :

  • Describe the relationship between leadership, governance and social responsibility of corporations.
  • Understanding the relationship between internal and external ethical and non- ethical values and environments with corporate behaviour and business conduct.
  • Illustrate commonalities and differences between Islamic and secular ethical perspectives when identifying governance cases and recommending alternatives.

PROGRAM DETAILS

Programme Code: FIN5213
Medium of instructions: English
Programme Tutor: Assoc Prof Dr Ziyaad Mahomed

This course critically examines the socio-economic challenges facing communities and nations globally and assesses how Islamic finance instruments such as zakat, sadaqah, waqf and takaful may be used with modern technology to alleviate hardship and develop communities, in line with the Maqasid al Shariah and the UN goals for sustainable development.

Learning Outcomes

By the end of this course students should be able to :

  • Demonstrate knowledge on Islamic socio-economic theory.
  • Assess the differences in structure and objectives and various Islamic social finance instruments.
  • Demonstrate the ability to structure applicable instruments best suited to overcoming the economic challenges of poverty, disaster, migration and others.
  • Assess the various modes of philanthropic foundations best suited to Islamic objectives.
  • Synthesize the knowledge on Islamic finance with socio-economic challenges for impactful and responsible use of Islamic finance instruments.

PROGRAM DETAILS

Programme Code: MGT5113
Medium of instructions: English
Programme Tutor: Mr. Ezamshah Ismail

This course provides students with a sufficient grounding in the core disciplines of marketing strategy development and how to apply them. Furthermore, students in this course are exposed to concepts and tools of strategic marketing.

This course equips students with the practical concepts and tools for analyzing market opportunities and company capabilities to develop marketing strategies that guide market selection, development of customer value proposition, and the use of innovation and digital marketing for brand positioning and communication.

Learning Outcomes

By the end of this course students should be able to :

  • Explain the key concepts, tools and skills in strategic marketing management.
  • Conduct situation analysis to assess market opportunities with reference to the marketing mix.
  • Develop a marketing strategy (market segmentation, targeting, and positioning) and to convincingly communicate its rationale and recommendations.
  • Develop an effective marketing plan to promote succesfully a company’s products and/or service.

PROGRAM DETAILS

Programme Code: FIN5113
Medium of instructions: English
Programme Tutor: Assoc. Prof. Dr. Mohamed Eskandar Shah Mohd Rasid

This course is design to provide in depth understanding of the components and products of the Islamic Capital Market. The analytical techniques used in the design, pricing, and valuation of the products are emphasied.

An as application oriented course, the design and structuring of transactions from an integral part of the course. Products and processes are examined for their use in hedging (risk management), arbitrage, and trading.

Learning Outcomes

By the end of this course students should be able to :

  • To provide students with an in-depth understanding of Islamic Capital Market.
  • To expose students to the products and components and their function within Islamic Capital Market.
  • To identify appropriate Islamic Capital Market products for needed application.
  • Analyse and Price Islamic Capital Market products.
  • Structure basic Islamic Capital Market transactions for use in hedging and arbitrage.
  • Compare, contrast and identify value differences between Islamic Capital Market and conventional capital products.

PROGRAM DETAILS

Programme Code: MGT5123
Medium of instructions: English
Programme Tutor: Assoc Prof Dr Ziyaad Mahomed

Entrepreneural vision has led to the majority of advancements over the last decade. This course discusses the evolution and dimensions of entrepreneurship as they advance into start-ups and how they recognise opportunity. Beyond the creativity and ideation, the course covers execution including financing ventures and using sustainable business practice to maximise profits.

Learning Outcomes

By the end of this course students should be able to :

  • Analyze the concepts and key theories relating to entrepreneurship and innovation.
  • Examine successful and unsuccessful examples of entrepreneurship from a range of perspectives including small business, technology start-up and large organisations.
  • Articulate how to manage creativity and innovation in an organisational context.
  • Demonstrate an understanding of issues, developments and approaches for utilising technology/innovation as a solution for a business problem/opportunity.

PROGRAM DETAILS

Programme Code: MGT5133
Medium of instructions: English
Programme Tutor: Mr. Ezamshah Ismail

his course provides students with a sufficient grounding in the core disciplines of business strategy development and how to apply them. Students examine the strategic concepts and tools that facilitate understanding of the challenges and opportunities of the business environment, strategy formulation, implementation and evaluation.

This course equips students with the practical concepts and tools for analyzing organizational strength and weaknesses as well as market opportunities and threats.

Learning Outcomes

By the end of this course students should be able to :

  • Develop an in-depth knowledge about the dynamic nature of business and the role of strategy in generating and sustaining competitive advantage.
  • Adapt appropriate tools, theories and concepts to analyse strategic issues in organization and to develop options for implementation.
  • Propose a credible business analysis in a team setting.

PROGRAM DETAILS

Programme Code: MGT5213
Medium of instructions: English
Programme Tutor: Assoc. Prof Dr Mohamed Eskandar Shah | Dr Adam Ng

The course is designed to prepare the students in the field of sustainability management and investment. The main focus of the course is to provide a strong understanding on the sustainability concepts and how firms can integrate the its practices in their business decision. The course will also expose the students to cutting-edge policy that can help firms to comply or support sustainability agenda.

Learning Outcomes

By the end of this course students should be able to :

  • Apply economic concepts to sustainability management and corporate policy issues and describe some ethical concerns with regard to current sustainable economic development.
  • Describe recent sustainable innovations, green technologies and technical change in the green economy.
  • Provide an understanding of how ESG and responsible investing have become financially material to the global banking system, risk management practices and capital markets.
  • Explain the roles of sutainability reporting on sustainability management and investment decisions.

PROGRAM DETAILS

Programme Code: ABL5213
Medium of instructions: English
Programme Tutor: Assoc Prof Dr Ahmed Razman Abdul Latiff

Action Based Learning provides an innovative approach to learning by setting practical tasks and activities for students to complete in a real workplace. The course will provide students with the opportunity to translate their academic-based knowledge into action by solving real business issues or developing new solutions.

This will ultimately encourage students’ exploration and ongoing independent learning and personal development as well as improve their problem solving and critical thinking skills. At the end of the course, students are expected to present their findings and recommendations for consideration by the organization’ management.

Learning Outcomes

By the end of this course students should be able to :

  • Analyse issues at hand and synthesize solutions to the issues by applying the theory into practice.
  • Effectively communicate business ideas and strategies to the management level in an organization.
  • Demonstrate the ability to work with team members in solving real issues.

PROGRAM DETAILS

Programme Code: FIN5123
Medium of instructions: English
Programme Tutor: Prof. Dr. Shamsher Mohamad

The course covers the following topics:

  • Elements of Investment Theory & Techniques
  • Portfolio Theory
  • Equilibrium in Capital Markets
  • Risk/Return tradeoffs and optimal portfolios
  • Security Portfolio Analysis
  • Behavioral Finance in Portfolio Investments

Learning Outcomes

By the end of this course students should be able to :

  • Perform analysis and valuation of equity securities.
  • Understand the structure and function of equity, bond and derivative markets.
  • Appreciate the limitations of stock selection, asset allocation and market timing decisions.
  • Develop investment strategies built on fundamentals of risk and return and incorporating advanced quantitative strategies.
  • Understand the efficacy and limitations of pricing techniques such as, the Capital Asset Pricing Model, Multi Factor models and the Arbitrage Pricing Theory

PROGRAM DETAILS

Programme Code: ECN5213
Medium of instructions: English
Programme Tutor: Prof. Dr. Mansor H. Ibrahim

The course introduces to modern theories of monetary economics with the attempt to look at them from the Islamic perspectives. In the course, the macroeconomic implications of money markets and monetary policies will be discussed in details. The course introduces students first with the macroeconomic model of monetary economics using the IS-LM-AS framework.

Then, a detailed discussion of money, money demand, money supply process and monetary policy making will be dealt with. Various contemporaneous issues in monetary economics will also be touched. These include the issues of monetary credibility, monetary policy and exchange rate regimes and others.

Learning Outcomes

By the end of this course students should be able to :

  • Appraise the monetary theories to contemporary monetary issues.
  • Criticize the issues involved in developing a modern, effective framework for conducting monetary policy.
  • Explain monetary theories in details;
  • Evaluate and frame existing monetary theories in the context of Islamic banking and finance.

PROGRAM DETAILS

Programme Code: RMT5113
Medium of instructions: English
Programme Tutor: Prof. Dr. Saiful Azhar Rosly

Banks take risk in the pursuit of profits. While risk-taking is the bsis of all business, conventional banking deals predoinantly with managing financial risk such as credit, market and liquidity risk while Islamic banking has to account for two more unique risks, namely business/ commercial risk and Shariah non-cmpliance risk (SNCR). This complicates the analysis of Islamic banking within a dual financial system. What is more intriguing is the funding sources of Islamic banks that uses the profit loss sharing principles (PLS) but holding the attributes of deposit funds. Under these challenges and constraint, the cours looks at the islamic banking business and how it deals with risk management in an environment dealing with the demand of divine order within opposing financial infrastructures. Islamic banking success will then, critically depends on the strong corporate and shariah governance to evident SNCR-free operations that are rooted on solid ethical principles.

When islamic banks make murabaha to earn profits and assume risk associated with the financing operations, it is expected to find ways to manage these risks as well, which include credit, market, liquidity, operational and Shariah non-compliance risk. Some risk faced by Islamic banks are unique, hence requires special attention and ability to detect and control them accordingly. Hence managing these risks involves, identification, measurement and mitigation of the risks associated with all positions taken up by the bank. On the flip side, the objectives of the banking business must be in line with the public interest, where financial stability must be secured by way of robust regulatory and supervisory control. This is where capital adequacy and its management under the pretext of Basel Accord and IFSB regulations are examined in a critical way to assess its impact on the Islamic banking business and the overall financial system.

Learning Outcomes

By the end of this course students should be able to :

  • Describe the existence of risks in banking and finance and the concept of risk from the Islamic perspectives.
  • Distinguish the different types of risk peculiar to Islamic banking and be familiarised with the risk management process and the regulatory requirements and governance.
  • Apply the quantitative tools and techniques in identifying and measuring the various types of risk.

PROGRAM DETAILS

Programme Code: FIN5133
Medium of instructions: English
Programme Tutor: Prof. Datuk. Dr. Mohamed Ariff Abdul Kareem

The primary purpose of this course is to teach students how to think internationally. The main focus is on foreign exchange markets for spot and forward currency transactions, determinants of exchange rates, currency risk management, currency derivative instruments, multinational corporate finance, and international capital movements.

In addition, this course will also address macroeconomic policies relating to exchange rate management, and Shari’ah concerns with respect to currency risk hedging and currency derivatives.

Learning Outcomes

By the end of this course students should be able to :

  • Knowledge of currency and international financial markets.
  • Identify and evaluate the issues and apply the appropriate techniques for solutions.
  • Analyse information and assess foreign exchange exposure and associated risk in a systematic way.

PROGRAM DETAILS

Programme Code: FIN5153
Medium of instructions: English
Programme Tutor: Prof. Dr. Zulkarnain Muhamad Sori

This course details on the application of accounting standards, the recording of Islamic financial transactions, the meaning of relevant accounting disclosures made by Islamic banks under the IFRS and AAOIFI regime and assurance services (Shariah Audit) for Islamic financial institutions. Both the theory and the application aspects of the twelve topics covered in the course are emphasized. The accounting theory and fiqh rules are important for the students to understand recording and financial reporting of Islamic financial transactions.

Learning Outcomes

By the end of this course students should be able to :

  • Understand Islamic accounting theoretical concepts.
  • Read, understand and interpret Financial statements of Islamic Financial Institutions.
  • Understanding the effect of proposed and existing products on the income statement and balance sheet.
  • Critically appraise extant Islamic accounting and auditing standards and contribute to the development of better standards.
  • Conduct financial and nonfinancial performance analysis of Islamic financial institutions.

PROGRAM DETAILS

Programme Code: RMT5133
Medium of instructions: English
Programme Tutor: Mr. Ezamshah Ismail

The course examines risk from the Islamic perspective and ways of mitigating it in accordance with Shariah and explains why insurance is forbidden and hence the advent of takaful. It discusses the various takaful business models, products and the key operational process of takaful.

The study of the regulatory environment in various jurisdictions is a must for all takaful students as the industry is highly regulated. The actuary plays a key role in the takaful organization and its position is a requirement in most jurisdictions. The study of the actuarial principles and concepts are critical product design, pricing, underwriting, investments and reserving.

Learning Outcomes

By the end of this course students should be able to :

  • Illustrate the basic concepts of Takaful and apply various Takaful business models.
  • Appraise statutory and regulatory requirements of Takaful business.
  • Formulate processes for Takaful operations.
  • Apply actuarial principles and concepts to strengthened Takaful operations.

PROGRAM DETAILS

Programme Code: FIN5223
Medium of instructions: English
Programme Tutor: Assist.Prof Dr Ginanjar Dewandaru

The course covers the following topics:

  • Active portfolio construction and management
  • Factor Modelling
  • Machine learning in investing
  • Bayesian Black-Litterman model
  • Algorithmic trading and systematic investing

Learning Outcomes

By the end of this course students should be able to :

  • Build quantitative modelling skills for asset management by applying various techniques.
  • Learn to build quantitative models in asset management with MATLAB programming and learn factor modelling and portfolio risk budgeting.
  • Apply artificial intelligence (AI) through a large variety of machine learning algorithms for factor selection, signal generation, and forecasting.
  • Develop data collection and analytics skills.
  • Build algorithmic trading strategies and systematic investing.
  • Learn and build credit risk model and credit scoring with the application of machine learning.

PROGRAM DETAILS

Programme Code: RMT5123
Medium of instructions: English
Programme Tutor: Associate Professor Dr Shaikh Hamzah Abdul Razak

The Islamic wealth management has been part and parcel of Islamic finance. The main philosophy of Islamic wealth management is that wealth belongs to Allah (swt) and human beings are mere trustee. The main objective of Islamic wealth management is the achieve al-falah i.e Allah blessing in this world and hereafter.

The five major components of wealth management are

  • wealth generation which is the primary source of wealth management. Wealth can be in the form of employment income, business and trade.
  • Wealth protection is where all our wealth needs to be protected through takaful or Islamic insurance.
  • Wealth accumulation is a constant process that involves generating more wealth and in the process we need skills.
  • Wealth purification such as zakat, sadaqah and waqf as in the process we might have tainted our wealth.

Allah also requires us to share with us as they also have rights to our wealth and financial wealth distribution. After the accumulation of wealth and the huge amount of wealth who will inherit it. The law of inheritance in accordance to Islamic principles as mentioned in the surah An-Nisaa needs to be complied. We are not supposed to leave our children in poverty. Surah an-Nisaa have identified the quantum each of beneficiaries their rightful portion. The above process corresponds to the life-cycle of a person from the time the person begins to earn and income until the day he dies. The most important point of Islamic wealth management is that a Muslim needs to practice it as it helps to ensure the generation and accumulation of wealth is in accordance to Shariah principles and it is halal.

Learning Outcomes

By the end of this course students should be able to :

  • Differentiate between the conventional and Islamic concepts and ownership of wealth as a basis to comprehend the theory and practices of wealth management.
  • Understand the investment process in Shariah compliant capital market instruments and real estate.
  • Understand the protection, purification and distribution process in Islamic wealth planning.
  • Illustrate the process of retirement through the various retirement schemes and tax planning and managemen.

PROGRAM DETAILS

Programme Code: BKG5113
Medium of instructions: English
Programme Tutor: Prof. Dr. Saiful Azhar Rosly

The course focus on the business of Islamic banking and its product offerings. Funding of financing products for consumer and business expenditure are sought from deposits and investment account. The regulatory, legal and Shariah framework are instituted to ensure enforceability and stability of Islamic banks in carrying out its operations. Structures of deposit, investment and financing solutions are examined to explore their contractual and product attributes which include pricing, management of resources, marketing, ethics and sustainability.

Learning Outcomes

By the end of this course students should be able to :

  • Identify and elaborates the fundamental Shariah and legal framework of Islamic banking.
  • Explain the products and services offered.
  • Iidentify and apply relevant techniques in managing Islamic Banking Institutions.
  • Critically evaluate and articulate contemporary issues pertaining to Islamic banking.
  • Bank Negara Malaysia
  • Finance Accreditation Agency (FAA)
  • International Shari’ah Research Academy for Islamic Finance
  • Securities Commission Malaysia (SC)
  • Shariah Advisory Council
  • Chartered Institute of Islamic Finance Professionals
  • Malaysia International Islamic Financial Centre (MIFC)
  • Islamic Banking and Finance Institute Malaysia